Anthony Sulecki
Moving Money In IRA's - Penalties
Question for a friend of mine. He wants to move his money out of his investment IRA's, without incurring any fees. Is this possible?
I don't know a thing about IRA's.
Aaron Barrett
Transferring/gifting property
My mother is near the end of her working life and wants to get rid of her 3 rental properties/duplexes. Our thoughts are that she could transfer/gift them to me to take over and I would in turn split the cash flow wit...
Sherri Schmonsky
Stock gains into 1031 exchange?
I have publicly traded stock which I'd like to sell without getting hammered on taxes.Is there anything equivalent to a 1031 exchange which would allow me to roll-over capital gains from the stock sale directly into a...
Spencer Keane
Capital Gains Avoidance
Hi all,I am currently in the process of selling a vacant lot owned by my LLC in Washington state. I have owned the property for about 2 years and will only make about $8k, but I was wondering if there is a way to avoi...
Brendan Coughlin
General/Long island tax questions
Hello, this is my first post. I've been thinking about investing for a long time and have really started doing some research the last few weeks. I have a tax question for everyone and if there are any LI investors t...
Jesse Hinaman
What to do with Grandpa's Cabin
This is a question for all the trust attorneys, CPAs and those well versed in property tax assessment in California.Fiancés Grandfather passed away. She wants to keep the cabin in the family, but trying to determine t...
Derek Lee
Tapping into Equity - HELOAN vs Sell
BP Community, thanks in advance for your input. I would like to get your thoughts on the most efficient way to tap into equity.
I purchased a SFH and Duplex back in 2020. Both properties are currently at a 50%~ LTV....
Aline Elad
Capital gain taxes from Investment account
Hi All,Is it possible to avoid capital gain taxes if I use funds from an investment account to BRRR a property and then return all the funds to the account within the same year? What if I leave some in the deal, can I...
THU NGUYEN
Paying your children to shift income from your business
Hi,Any tax guru can help me out on this question:I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?Thanks in advance for your help.
Michelle Romano
Tenant wants to purchase my property - quite
Hello Investors - to piggyback on my last question about sell or hold rental property, I want to avoid paying capital gains which would be about 25K. Trying to be creative without doing a 1031. Here is my question: ...